America Saves Week: Emergency Fund

BIRMINGHAM, Ala. (WIAT) — This week is America Saves Week, and each day, we are sharing tips on how to better manage your money. Today’s tip is about emergency funds. Having an emergency fund is more than just having a few dollars stashed away.

Jeff Jones of eCo Credit Union says each household should have at least $1,000 in an emergency fund.

“If it’s a repair of something happens to your car and you have a large expense, it helps if something happens to your house. If you’ve got an appliance that might go out, need repair work that emergency fund can help you meet that.” -Jeff Jones ECO Savings